Cormark Lowers Earnings Estimates for Royal Bank of Canada

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Investment analysts at Cormark reduced their FY2025 earnings estimates for shares of Royal Bank of Canada in a research report issued to clients and investors on Thursday, December 5th. Cormark analyst L. Persaud now expects that the financial services provider will post earnings of $12.81 per share for the year, down from their prior estimate of $12.91. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $12.35 per share.

Other analysts have also issued research reports about the company. National Bankshares upped their price objective on Royal Bank of Canada from C$181.00 to C$188.00 in a research report on Thursday. Jefferies Financial Group lowered their target price on Royal Bank of Canada from C$168.00 to C$165.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Bank of America increased their price target on Royal Bank of Canada from C$162.00 to C$180.00 in a research report on Thursday, August 29th. BMO Capital Markets cut their target price on shares of Royal Bank of Canada from C$195.00 to C$193.00 in a research note on Thursday. Finally, Barclays upgraded shares of Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$176.58.

Royal Bank of Canada Stock Down 0.7 %

Shares of RY opened at C$178.27 on Monday. The company has a market cap of C$251.36 billion, a P/E ratio of 15.79, a PEG ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a fifty-two week low of C$123.44 and a fifty-two week high of C$180.45. The firm’s 50 day moving average price is C$171.85 and its 200 day moving average price is C$159.17.

Royal Bank of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, January 27th will be paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 3.32%. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.42. Royal Bank of Canada’s payout ratio is currently 50.31%.

Insider Activity

In related news, Senior Officer Douglas Antony Guzman sold 17,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$167.95, for a total transaction of C$2,855,150.00. Following the transaction, the insider now owns 25 shares of the company’s stock, valued at C$4,198.75. This trade represents a 99.85 % decrease in their ownership of the stock. Over the last ninety days, insiders sold 34,648 shares of company stock valued at $5,811,275.

Royal Bank of Canada Company Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.